Boeing Faces Suit Accusing Board of Lax Oversight Amidst 737 Max Affair

By Paul Riegler on 27 September 2020
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Boeing’s board of directors stands accused of improper oversight of the two fatal 737 Max crashes that resulted in the grounding of that aircraft.

A shareholders’ lawsuit accuses former CEO Dennis Muilenberg of misleading both the board and investors, and accuses the board of skipping meetings on the subject of safety. The suit argues that board members were more concerned about the negative headlines surrounding the two hull losses than getting to the bottom of what caused them.

The suit was filed last month in a Delaware state court.  An earlier version of the suit was filed in June.

Lion Air Flight 610 crashed into the Java Sea on October 29, 2018, en route from Soekarno-Hatta International Airport in Jakarta to Depati Amir Airport in Pangkai Pinang.  The Boeing 737 Max 8 crashed 13 minutes after takeoff, killing all 189 passengers and crewmembers.

Ethiopian Airlines Flight 302, heading for Nairobi, crashed on March 18, 2019 just minutes after takeoff from Addis Ababa, killing all 157 people on board.

The worldwide fleet of 737 Max aircraft has been grounded for 17 months following the two incidents, which roiled the airline industry at the time.

(Photo: Accura Media Group)

Accura News

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